UPDATE: Astra Space Q2 Adj EPS $(0.12), Inline, Sales $707.00K Down From $2.68M YoY
Portfolio Pulse from vinayak@benzinga.com
Astra Space (NASDAQ:ASTR) reported Q2 adjusted EPS of $(0.12), in line with analyst consensus. This is a 52% increase over losses from the same period last year. However, sales were down 73.64% YoY, from $2.68M to $707.00K.
August 14, 2023 | 9:16 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Astra Space's Q2 earnings were in line with estimates, but sales significantly decreased YoY.
While Astra Space's Q2 earnings were in line with analyst consensus, the significant decrease in sales YoY could negatively impact investor sentiment and potentially lead to a decrease in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100